Monday, September 2, 2013

China Minzhong

China Minzhong: Following a married deal of 25.6m ordinary shares in the capital of China Minzhong, representing ~3.9% of the total number of issued shares, at the price of $1.12 per Share, Indofood Sukses now controls ~219.5m shares in the co, representing approximately 33.49% of the total issued Shares. As a result of the acquisition and in accordance with the Singapore Code on Take-overs and Mergers, the Offeror will make a mandatory conditional cash offer for all the remaining shares of China Minzhong at an offer price of $1.12 / share. Counter will release its trading halt at 3.30pm.

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